Economic News Archives - Page 3 of 19

Category: Economic News

The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.

May 2023 US Jobs Report

United States Economy Gains 339,000 Jobs in May 2023

Defying expectations once again, the United States economy managed to add a significant number of jobs last month. About the May 2023 jobs report: According to the Bureau of Labor Statistics, the economy gained 339,000 jobs in May 2023. That's far higher than the 190,000 figure that economists projected. What's more, April's jobs number was adjusted upwards, climbing to 294,000 from 253,000. Additionally, while March's jobs figure was originally announced to...
large home for sale

Gallup Poll: Americans Say Now is a Bad Time to Buy a House

Following a tumultuous few years that's included a global pandemic, a competitive housing market, rock-bottom interest rates, rapidly rising interest rates, inflation, and continued threat of a recession, a new poll from Gallup shows that a record number of Americans believe that now is a bad time to buy a home. According to the latest poll, only 21% of adults believe now is a good time to purchase a house....
March 2023 US jobs report graph

United States Economy Added 236,000 Jobs in March 2023

Another monthly jobs report shows that, while the United States economy is beginning to cool, unemployment continues to reach near-record lows. According to the latest Bureau of Labor Statistics report, the U.S. added 236,000 jobs in March 2023, with unemployment ticking down to 3.5% from 3.6%. This is only slightly off the 238,000 jobs that economists forecasted. Additionally, February's figure was revised upward by 15,000 to reach a new total...
credit card with a ball and chain

Credit Card Debt Increased by $180.3 Billion in 2022

After a year in 2021 that saw credit card debt declining during all four quarters, 2022 officially saw debt steadily increasing. According to new figures from WalletHub, consumer credit card debt increased by $85.8 billion during the fourth quarter of 2022. This marks the largest quarterly increase on record. It also brings 2022's total to $180.3 billion in credit card debt added. As WalletHub notes, the Q4 2022 increase was 1.8...
January US Jobs report

United States Unemployment Rate Falls to 3.4%

Despite fears of a recession and high-profile layoffs in the tech sector, the United States continues to add thousands of jobs. According to the latest U.S. Bureau of Labor Statistics report, the economy added 517,000 in January. That marks the best result since July of last year when 586,000 jobs were added to payrolls. Moreover, the result is nearly double the 260,000 jobs (adjusted up from the previously-reported 223,000) gained...
US December Jobs Report Graph

U.S. Economy Adds 223,000 Jobs in Final Month of 2022

As Americans settle into the new year, a snapshot of the United States economy from the final month of 2022 has arrived. Today, a new jobs report was released, bringing stronger-than-expected results. According to the latest Bureau of Labor Statistics report, the economy added 223,000 jobs in December 2022. That outpaces the 200,000 jobs that economists surveyed by MarketWatch had estimated. However, the number was the lowest in two years....
US Jobs Report Graph

U.S. Economy Added 263,000 Jobs in November 2022

Over the past several months, the United States economy has repeatedly offered mixed signals. Although gross domestic product results would suggest we're headed for a recession, the Federal Reserve has been forced to hike interest rates in a bid to slow inflation. Now, the latest figures also show that the economy continues to create jobs at a decent clip. According to the latest Bureau of Labor Statistics report, the U.S....
IRS on top of coin stacks

IRS Announces 2023 Tax Brackets Amid Inflation

With 2023 now within view, the Internal Revenue Service (IRS) has announced the tax brackets that will be used for the new tax year. While these adjustments are an annual tradition, this round of increases comes after a year where inflation has topped 8%. In turn, this latest round of raises is larger than usual. Across the board, brackets were adjusted by about 7%. In comparison, the change between 2021...
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Travelers with two Best Western Credit Cards

Best Western Debuts Two New Rewards Credit Cards

After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation

Marriott Bonvoy Bold Card Launches Travel Contest

Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
Fioney Top 10 Must-Read Personal Finance Articles Septemeber 2024

Top 10 Personal Finance Articles of the Month — September 2024

Welcome to Fioney's look at the top 10 personal finance articles of the month. On the first Friday of each new month, we look back at some of our favorite posts published in the weeks prior and highlight them right here. This includes a mix of sites that have become staples of our lists as well as many first-timers. To start things off this month, we'll look at some articles...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...